Forest Oil Revenue: All About Potential
We all know revenue can be telling of a company’s successes, but not fully. However, in the case of Forest Oil’s revenue is actually IS telling. Let’s dig deeper and see what is actually going on. Seth Jayson has some details.
Forest Oil chalked up revenue of $158.9 million. The 11 analysts polled by S&P Capital IQ foresaw a top line of $190.1 million on the same basis. GAAP reported sales were 22% lower than the prior-year quarter’s $202.6 million.
EPS came in at $0.11. The 17 earnings estimates compiled by S&P Capital IQ forecast $0.20 per share. GAAP EPS were -$0.29 for Q1 compared to -$0.03 per share for the prior-year quarter."
Find additional research here: http://turnkeyoil.com/2012/05/02/forest-oil-revenue-all-about-potential/